Description

United Arab Emirates Petrochemicals Report Q2 2018 Description

Petrochemicals production peaked in the UAE as the third phase of the Borouge complex reached full capacity in 2017.As a result, little growth in output is expected over 2018 with investment likely to be directed towards downstream conversionindustries throughout the emirates. These will be crucial to adding value to production and sustaining a domestic market forpetrochemicals in order to offset the growing challenge of competition for basic petrochemicals markets in Asia.